₦airaland Forum

Paut:
And they're still planning on borrowing again 🧐

Chinjo2:
Despite the removal of fuel subsidedy Nigeria is still borrowing money. What have they been doing with the money saved from subsidy removal?
No tangible thing they can point to.

Brendaniel:
I thought you guys said the dollar has been stable, so why is the debt still rising in naira?

Cj4charles:
We will not see this one oooo....... but they always telling us the country is stable

babajero:
tell me just one place Muslims live with other religions with significant number and live peacefully.

fuckingAyaya:
Lemme go and ask Reno Omokry if this news is authentic or Peter obi is trying to tarnish the image of the country before world people.

correctyourself:
Things are really wrong, if the NA assembly wants to help Nigeria, it should make laws to make state have no direct access to money borrowed through loan, because it's obvious if state wants to loot and federal allocation is not forth coming, they can borrow even few months to end of administration and loot it mostly now that some of these bank has foreign brands.

What a porous system of having free money

SadiqBabaSani:
This is actually alarming, but I believe some other global factors would soon cause oil prices to stabilize around the budget benchmark.

This Government that your principal help to birth is doing everything worse than the ones they criticized under GEJ my kinsman

Meanwhile your Username Malali is quite humorous, I will soon change mine to Rabah, Badarawa or Angwan Sarrki

babajero:
a Muslim with a clean, that must be the greatest wonder of life. Or maybe your own Muslim doesn't follow muhammed the head of terrorism, or read the Quran the terrorist handbook.

SadiqBabaSani:
What’s is our current debt to GDP ratio?

Nigeria’s total public debt has climbed to N152.40 trillion as of June 30, 2025, up from N149.39 trillion at the end of March.

This is according to the latest figures from the Debt Management Office (DMO).

The figure represents a quarterly increase of N3.01 trillion, equivalent to 2.01%, while in dollar terms the debt stock rose from $97.24 billion to $99.66 billion, reflecting a 2.49% increase.

External debt portfolio sees modest rise

Nigeria’s external debt stood at $46.98 billion (N71.85 trillion) in June, up from $45.98 billion (N70.63 trillion) in March. The DMO report shows that multilateral lenders remain the largest creditors, with a combined exposure of $23.19 billion, accounting for 49.4% of external obligations. The World Bank, through the International Development Association, is the single largest creditor with $18.04 billion outstanding.

Bilateral loans made up $6.20 billion, led by the Export-Import Bank of China at $4.91 billion, followed by smaller exposures to France, Japan, India, and Germany. Commercial borrowings remained sizeable at $17.32 billion, almost entirely Eurobonds, which account for 36.9% of the external portfolio. A further $268.9 million was owed under syndicated facilities and commercial bank loans.

The reliance on Eurobonds and other commercial instruments exposes Nigeria to global market volatility, while the heavy concentration in multilateral loans indicates continued dependence on concessional financing.

Domestic debt dominated by long-term bonds

On the domestic side, total obligations reached N80.55 trillion by June, an increase of N1.79 trillion from N78.76 trillion in March. Federal Government bonds dominated the portfolio with N60.65 trillion, representing 79.2% of total domestic debt. This category included N36.52 trillion in naira-denominated bonds, N22.72 trillion in securitised Ways and Means advances, and N1.40 trillion in dollar bonds.

Treasury bills accounted for N12.76 trillion, or 16.7%, while Sukuk issues stood at N1.29 trillion. Smaller instruments included savings bonds worth N91.53 billion, green bonds of N62.36 billion, and promissory notes totalling N1.73 trillion. The promissory notes include both naira and foreign currency-denominated liabilities converted at the June CBN exchange rates.

The growing stock of securitised Ways and Means advances underlines the fiscal stress the government faces, even as it leans on bond markets to finance budget deficits.

Federal Government accounts for over 92%

Of the N152.40 trillion debt stock, the Federal Government was responsible for N141.08 trillion, which amounts to 92.6% of the total. This was made up of N64.49 trillion in external obligations and N76.59 trillion in domestic debt.

For the first time in 2025, the DMO provided a separate breakdown of external debt for states and the Federal Capital Territory. Their combined obligations were reported at $4.81 billion (N7.36 trillion), while their domestic debts stood at N3.96 trillion. In total, subnational governments owed N11.32 trillion, accounting for 7.4% of the national debt stock

What you should know

The DMO explained that external debt was converted to naira using the Central Bank’s official exchange rate of N1,529.21 to the dollar as of June 30, 2025. The weaker exchange rate compared with earlier in the year magnified the naira value of foreign borrowings, adding to the rise in the overall stock.

This effect highlights the vulnerability of Nigeria’s debt portfolio to currency depreciation. Even in periods where fresh borrowing is limited, the conversion of dollar and other foreign currency debts at weaker naira levels inflates the total.

Although Nigeria’s debt-to-GDP ratio remains within international thresholds, the pace of growth and the increasing cost of servicing loans continue to raise questions about sustainability.

Nigeria’s debt trajectory underscores the need for stronger revenue mobilisation and fiscal consolidation. Without significant progress in expanding the tax base and reducing expenditure inefficiencies, debt service could continue to crowd out investments in infrastructure and social spending.

CharlotteFlair:
When governors started using the Senate as retirement plan, I knew sooner or later, we would have uncontrollable emperors who can't be held accountable on our hands.

CharlotteFlair:
I don't even know what to write again. The impunity is just too much, and the perpetrators throw it on our faces with reckless abandon.

Until we collectively decide to take action against the leaders whom we selected or voted for, until we rise up collectively to demand for accountability from them, you the Op as well as other well meaning Nigerians would continue to be a lone voice in the wilderness because you are in the minority.

These leaders have so much weaponized poverty, poverty which they deliberately created, to the extent that everyone seems to have a price.

May God help us, Amen.

Kaa4:
A few Nigerians who know right are the ones complaining, and their voices are drowned by either those who have collected 2k or those who don't know their left from right.

This man is a convict and is making laws for the country.

A certain policeman complained at a time about the number of senators he had locked up before in the Senate

babajero:
when an Aboki Muslim like you is fighting for an Igbo man you people chose to hate, then there is an ulterior motive.

If he left the massacre in northern Nigeria and go to support the same terrorists that are massacaring Christians in Nigeria, then he is on his own.

ogmask:
He was paid to protest so let him enjoy his loot in peace please.

naptu2:
Also

1) highest goal scorer in the Nigerian Women’s League (2013)

2) Winner of the Nigerian Women’s League (with River’s Angels) (2014).

3) Winner of the Nigerian Women’s Cup (2013 and 2014)

4) Winner of the English FA Women’s Cup (2016)

5) Winner of the Chinese Women’s Super League 2017 & 2018.

6) Highest goal scorer in the Chinese Women’s Super League (2017).

7) Winner of the Chinese Women’s Super-Cup (2017)

8 ) Winner of the Copa Catalunya (2019).

9) Winner of the Spanish Women’s Super-Cup (2020).

10) BBC (World) Women’s Player of the Year (2015)

11) African Women’s Player of the Year for a record 6 times (2014, 2016, 2017, 2019, 2022 and 2023)

12) Winner of the African Women’s Nations Cup (2014, 2016, 2018 and 2024).

13) 2019 UEFA Women's Champions League silver medallist (she scored in the final).

14) Winner of the Spanish Women's League (2020)

15) Second highest goal scorer in the Spanish Women's League 2020 (20 goals)

16) Only African woman to score in 3 world cups (2015, 2019 and 2023).

17) One of only 2 women to score 4 goals in a single African Nations Cup match (Perpetua Nkwocha is the other player)

18 ) Winner of the Spanish Women's League 2021 (Scoring 18 goals)

19) 2020 UEFA Women's Champions League winner (scored 4 goals)

21) Winner of the 2022 Liga Iberdrola

22) Highest goal scorer in the 2022 Liga Iberdrola with 20 goals

23) Only person (man or woman) to be named African Footballer of the Year 6 times

24) First African woman to be nominated for the Ballon d'Or

25) 2023 UEFA Women's Champions League winner

26) 2024 UEFA Women's Champions League Winner.

27) The first player to score a goal in Bay FC history.

saintkel:
Amen!....not just arrested, dealt with ....I say a big Amen to ur prayers.....let's see those who r sponsoring chaos in Nigeria

onuman:
Who be Abike Dabiri in the face of the IDF?
Worse, Abike Dabiri will even worsen the situation of the Igbo activist. Assuming the detained activist is truly Igbo, if this is not another propaganda of falsehood by APC miscreants against the Igbos who don't identify with Hamas.

smtx:
Nations generally have the right to take necessary and proportional military action to defend themselves and their citizens from attack. Netanyahu invoked a basic war principle on Hamas.

smtx:
This "first phase" of a ceasefire between Israel and Hamas, has been met with a mix of relief and hope for Palestinians. Isreal is not a group like you mentioned, it's a sovereign nation defending her citizens from Hamas. Note, it's between Isreal and Hamas.

smtx:
Wasted 2 years! All the innocent lives gone because of hate, to what end? Hamas must release all the hostages taken and leave Gaza.....

Zocalite:
Kpele, it's not easy

The task is difficult, hope say hamas dey pay you well

Abi na qatar dey pay you

Predictor3:
I'm not a Muslim to start with. But I'm enlightened enough to see clearly that it's not a religious war. You hate muslims so much you think Israel is helping you to kill them.

Biglittlelois:
I hope this serves as a lesson to Hamas never to invade Israel again

Good one.

Omada321:
Who send am.